Nissan to cut jobs and foresees production to $2.9 billion loss
Saturday, February 28th, 2009Nissan is now planning to cut down 20,000 jobs, or 8.5 percent or its global manpower to be able to cope with what the car manufacturing company foresees to be its first annual loss for a period of nine years. Chief Executive Carlos Ghosn admitted that like other global car industries, Nissan is no exception [...]